Oil has been pushing lower with some nice tradeable swings...I am looking for a reaction here after a 7 out of 8 ( TD ) day sell - off. I have an interesting timing technique integrated with both the downward grey and an upward white 0 to 3 Centreline technique that I sometimes use to pick up the slope of the counter trend move and at least 1 ( sometimes both ) low & high before a continuation of the downward push.
Note the Timing Technique: If you follow the color coded (a,b & c lower to a,b &c upper) letters & arrows you will see the colored triangles terminating @ the horizontal grey dashed line @ 16.15 have already picked up 2 out of 2 Low of these counter trend moves. Will it be 3 out of 3??.
Let's see how things unfold.